A person or party that has an obligation to the secured party is a ________.
A) Creditor.
B) Debtor.
C) Secured creditor.
D) Secured debtor.
E) Transaction debtor.

Name: A person or party that has an obligation to the secured party is a ________. A) Creditor. B) Debtor. C) Secured creditor. D) Secured debtor. E) Transaction debtor.
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Question

Quizplus · Accepted Answer

A debtor is the person or entity that owes money or an obligation to the secured party, typically in the context of a loan or credit arrangement.

A Person or Party That Has an Obligation to the Secured